Coast 2 Coast Funding Group Mortgage Rates, Fees & Info

IRVINE, CA

LEI: 5493005LE3FE2MIPPW66

Tax ID: 20-4459706

2.6 stars - out of 5 stars, based on 23 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Coast 2 Coast Funding Group is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Coast 2 Coast Funding Group has a high proportion of conventional loans. Their top markets include Los Angeles, San Francisco, Riverside, San Diego, and Oxnard among others. Coast 2 Coast Funding Group has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors. Coast 2 Coast Funding Group is typically a high fee lendor.


Originations

539

Origination Dollar Volume (All Markets)

$216,705,000

Awards

COAST 2 COAST FUNDING GROUP  30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

Coast 2 Coast Funding Group 's average 30 year fixed rate mortgage of loans were 3.13%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.02%.

Relative Fees

Coast 2 Coast Funding Group 's average total fees for a 30 year fixed rate mortgage are $7,159.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 243 $99,105,000 $407,840 $7,845 3.03%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 83 $41,025,000 $494,277 $6,638 3.10%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 72 $22,650,000 $314,583 $8,176 3.13%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 59 $20,805,000 $352,627 $5,190 3.29%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 27 $11,225,000 $415,741 $5,544 3.09%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 21 $11,175,000 $532,143 $3,930 2.68%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 13 $4,455,000 $342,692 $4,920 2.66%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $935,000 $311,667 $5,576 2.79%
SALEM, OR (FHA|USDA|VA) 2 $760,000 $380,000 $4,590 3.00%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $565,000 $565,000 $13,489 3.99%
FRESNO, CA (FHA|USDA|VA) 2 $510,000 $255,000 $3,354 3.00%
STOCKTON, CA (FHA|USDA|VA) 2 $470,000 $235,000 $3,706 3.50%
BEND, OR (FHA|USDA|VA) 1 $465,000 $465,000 $4,329 2.75%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $460,000 $230,000 $5,032 3.19%
NAPA, CA (FHA|USDA|VA) 1 $425,000 $425,000 $3,354 2.49%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $335,000 $335,000 $4,004 2.99%
VISALIA, CA (FHA|USDA|VA) 1 $325,000 $325,000 $3,354 2.99%
MODESTO, CA (FHA|USDA|VA) 2 $320,000 $160,000 $4,271 3.50%
Outside of Metro Areas 1 $285,000 $285,000 $3,354 2.99%
SALINAS, CA (FHA|USDA|VA) 1 $205,000 $205,000 $3,209 2.99%
MERCED, CA (FHA|USDA|VA) 1 $205,000 $205,000 $3,234 3.13%

Coast 2 Coast Funding Group 's top markets include Los Angeles, San Francisco, Riverside, San Diego, and Oxnard among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 539 $216,705,000 $402,050 $6,947 3.06%

For the 2021 period, Coast 2 Coast Funding Group 's most frequently originated loan type of loans were Conventional, with 539 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 225 $93,275,000 $414,556 $4,983 2.81%
Cash Out Refi 183 $66,695,000 $364,454 $9,373 3.17%
Home Purchase 128 $55,730,000 $435,391 $7,005 3.35%
Other 3 $1,005,000 $335,000 $4,628 3.38%

For the 2021, Coast 2 Coast Funding Group 's most frequently cited loan purpose of loans were Refi, with 225 originations. The 2nd most popular reason of loans were Cash Out Refi, with 183 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 485 $199,115,000 $410,546 $7,159 3.13%
15 Year 39 $11,795,000 $302,436 $4,272 2.38%
20 Year 14 $5,130,000 $366,429 $6,858 2.64%
Other 1 $665,000 $665,000 $10,159 2.88%

For the 2021, Coast 2 Coast Funding Group 's most frequently cited loan length of loans were 30 Year, with 485 originations. The 2nd most popular length of loans were 15 Year, with 39 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 312 $127,210,000 $407,724
$5k+ 192 $80,160,000 $417,500
$3k-4k 31 $7,845,000 $253,065
$2k-3k 4 $1,490,000 $372,500

$7,159 of loans were Coast 2 Coast Funding Group 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 312 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 238 $96,980,000 $407,479
3-4% 227 $90,745,000 $399,758
<2.5% 67 $26,135,000 $390,075
4-5% 7 $2,845,000 $406,429

During 2021, Coast 2 Coast Funding Group 's average interest rate of loans were 3.13%, while their most frequently originated rate bucket of loans were 2.5-3%, with 238 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 248 $76,820,000 $309,758 $6,474 3.08%
$400k-600k 195 $94,085,000 $482,487 $7,294 3.00%
$600k-1MM 57 $39,675,000 $696,053 $9,216 3.20%
$100k-200k 39 $6,125,000 $157,051 $4,895 3.06%

2021 saw Coast 2 Coast Funding Group place emphasis on $200k-400k loans with 248 originations, totaling $76,820,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 166 $73,590,000 $443,313 $6,948 3.06%
$150k-250k 121 $57,605,000 $476,074 $6,318 2.98%
$50k-75k 90 $28,280,000 $314,222 $8,196 3.14%
$75k-100k 88 $33,020,000 $375,227 $7,063 3.10%
$250k+ 37 $15,735,000 $425,270 $5,381 3.01%
$50k or less 36 $8,160,000 $226,667 $7,340 3.14%

Coast 2 Coast Funding Group lent most frequently to those with incomes in the $100k-150k range, with 166 originations. The second most popular income band? $150k-250k, with 121 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 119 $44,065,000 $370,294 $5,083 2.89%
30-36% 90 $37,440,000 $416,000 $7,003 3.11%
<20% 36 $12,520,000 $347,778 $4,468 2.85%
44% 35 $15,385,000 $439,571 $9,055 3.26%
40% 27 $10,655,000 $394,630 $7,655 3.15%
42% 24 $9,780,000 $407,500 $8,385 3.13%
45% 24 $12,430,000 $517,917 $8,666 3.18%
36% 22 $9,260,000 $420,909 $8,382 3.20%
49% 22 $8,500,000 $386,364 $9,287 3.23%
37% 21 $8,905,000 $424,048 $7,527 3.14%
39% 21 $8,155,000 $388,333 $5,681 3.15%
43% 20 $7,230,000 $361,500 $7,273 3.05%
47% 19 $8,265,000 $435,000 $8,989 2.99%
41% 18 $7,730,000 $429,444 $8,599 3.09%
38% 17 $6,455,000 $379,706 $6,197 2.98%
48% 16 $6,690,000 $418,125 $7,424 3.25%
46% 6 $2,350,000 $391,667 $5,440 3.21%
50-60% 2 $890,000 $445,000 $9,924 2.81%

Coast 2 Coast Funding Group lent most frequently to those with DTI ratios of 20-30%, with 119 originations. The next most common DTI ratio? 30-36%, with 90 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 368 $141,930,000 $385,679 $7,144 3.07%
Asian 110 $51,140,000 $464,909 $5,916 3.05%
Black 37 $12,735,000 $344,189 $9,576 3.22%
Asian Indian 11 $5,085,000 $462,273 $4,389 2.52%
Not provided 7 $3,175,000 $453,571 $4,131 2.79%
Chinese 3 $1,255,000 $418,333 $4,030 3.12%
American Indian 1 $755,000 $755,000 $13,659 3.63%
Other Asian 2 $630,000 $315,000 $3,810 3.13%

Approval Rates

Total approvals of all applications
99.85%

Coast 2 Coast Funding Group has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
96.05%

Coast 2 Coast Funding Group has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points Originations Total Value Average Loan
NA 539 $216,705,000 $402,050

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
539 $216,705,000 $402,050

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 57 $14,585,000 $255,877 $4,774 2.90%
40-60% 164 $61,110,000 $372,622 $5,839 2.87%
60-80% 252 $112,500,000 $446,429 $8,158 3.16%
80-100% 59 $27,285,000 $462,458 $7,227 3.39%
Under 20% 7 $1,225,000 $175,000 $4,492 2.95%